Peter Longo - Dec 15, 2024 Form 4 Insider Report for HOUSTON AMERICAN ENERGY CORP (HUSA)

Role: CEO and President, Director
Signature: /s/ Peter Longo
Stock symbol: HUSA
Transactions as of: Dec 15, 2024
Transactions value $: $0
Form type: 4
Date filed: 12/17/2024, 05:13 PM
Previous filing: Nov 22, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HUSA	Stock Option (right to buy)	Award	$0	+10.9K		$0.00	10.9K	Dec 15, 2024	Common Stock	10.9K	$1.38	Direct	F1, F2
holding	HUSA	Stock Option (right to buy)						11.5K	Dec 15, 2024	Common Stock	11.5K	$1.31	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On December 15, 2024, the reporting person received a grant of options to acquire a number of shares of the Company's common stock equal to $15,000 divided by the then trading price per share of the Company's common stock, which was $1.38 per share (the trading price for the last business day before the grant date). Therefore, on December 15, 2024, 10,791.37 options were granted to the reporting person.
F2	The options were granted on December 15, 2024 and are exercisable six months from the date of grant. The options vest 20% on the date of grant and 80% nine months from the date of grant.

Content

On December 15, 2024, the reporting person received a grant of options to acquire a number of shares of the Company's common stock equal to $15,000 divided by the then trading price per share of the Company's common stock, which was $1.38 per share (the trading price for the last business day before the grant date). Therefore, on December 15, 2024, 10,791.37 options were granted to the reporting person.

The options were granted on December 15, 2024 and are exercisable six months from the date of grant. The options vest 20% on the date of grant and 80% nine months from the date of grant.